First, this gives India’s ‘technology product’ story a great boost. We’ve been covering this story since 2005, and have profiled many of the leaders of the movement. We’ve also nurtured and continue to nurture many Indian product companies within the 1M/1M eco-system. We believe in this story. Avaz / Innovation Labs reinforces the story. Just as we celebrate InMobi inching its way towards becoming India’s first billion dollar global tech company fueling the mobile ad revolution, we celebrate all the newer players like Avaz that may well become a major force in the global mobile app revolution. In fact, InMobi founder Amit Gupta is super-excited about India’s potential in the app domain.

Second, this company goes beyond apps, and has serious technical depth. The FreeSpeech language has larger potential, and the coming years will explain how that gets capitalized.

Third, the product offers a real value proposition, and a real monetization model. There is nothing foo foo about it. In 1M/1M, we advise our portfolio companies to stick to these fundamental principles: offer real value, solve a real problem, and define a clear monetization path. Ajit has always listened to those nuggets of guidance.